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Note 4: Acquired Loans, Loss Sharing Agreements and FDIC Indemnification Assets: FDIC Indemnification Asset Policy: FDIC Indemnification Asset Roll Forward (Tables)
 12 Months Ended
Dec. 31, 2017
Vantus Bank  
FDIC Indemnification Asset Roll Forward

 

 

December 31, 2017

 

 

 

Foreclosed

 

Loans

 

Assets

 

(In Thousands)

 

 

 

 

Initial basis for loss sharing determination,

 

 

 

net of activity since acquisition date

$           18,965

 

$                   15

Reclassification from nonaccretable discount

 

 

 

to accretable discount due to change in

 

 

 

expected losses (net of accretion to date)

                 (131)

 

                       --

Original estimated fair value of assets, net of

 

 

 

activity since acquisition date

           (18,605)

 

                   (15)

 

 

 

 

Expected loss remaining

$                229

 

$                     --

 

 

December 31, 2016

 

 

 

Foreclosed

 

Loans

 

Assets

 

(In Thousands)

 

 

 

 

Initial basis for loss sharing determination,

 

 

 

net of activity since acquisition date

$           23,712

 

$                   15

Reclassification from nonaccretable discount

 

 

 

to accretable discount due to change in

 

 

 

expected losses (net of accretion to date)

                 (239)

 

                       --

Original estimated fair value of assets, net of

 

 

 

activity since acquisition date

           (23,232)

 

                   (15)

 

 

 

 

Expected loss remaining

$                241

 

$                     --

 
Sun Security Bank  
FDIC Indemnification Asset Roll Forward

 

 

December 31, 2017

 

 

 

Foreclosed

 

Loans

 

Assets

 

(In Thousands)

 

 

 

 

Initial basis for loss sharing determination,

 

 

 

net of activity since acquisition date

$           26,787

 

$                306

Reclassification from nonaccretable discount

 

 

 

to accretable discount due to change in

 

 

 

expected losses (net of accretion to date)

                 (494)

 

                       --

Original estimated fair value of assets, net of

 

 

 

activity since acquisition date

           (25,348)

 

                 (299)

 

 

 

 

Expected loss remaining

$                945

 

$                     7

 

 

December 31, 2016

 

 

 

Foreclosed

 

Loans

 

Assets

 

(In Thousands)

 

 

 

 

Initial basis for loss sharing determination,

 

 

 

net of activity since acquisition date

$           33,579

 

$                365

Reclassification from nonaccretable discount

 

 

 

to accretable discount due to change in

 

 

 

expected losses (net of accretion to date)

              (1,086)

 

                       --

Original estimated fair value of assets, net of

 

 

 

activity since acquisition date

           (31,499)

 

                 (286)

 

 

 

 

Expected loss remaining

$                994

 

$                   79

 
InterBank  
FDIC Indemnification Asset Roll Forward

 

 

December 31, 2017

 

 

 

Foreclosed

 

Loans

 

Assets

 

(In Thousands)

 

 

 

 

Initial basis for loss sharing determination,

 

 

 

net of activity since acquisition date

$        112,399

 

$             2,012

Noncredit premium/(discount), net of

 

 

 

activity since acquisition date

                   274

 

                       --

Reclassification from nonaccretable discount

 

 

 

to accretable discount due to change in

 

 

 

expected losses (net of accretion to date)

                 (972)

 

                       --

Original estimated fair value of assets, net of

 

 

 

activity since acquisition date

           (98,321)

 

             (1,785)

 

 

 

 

Expected loss remaining

$           13,380

 

$                227

 

 

December 31, 2016

 

 

 

Foreclosed

 

Loans

 

Assets

 

(In Thousands)

 

 

 

 

Initial basis for loss sharing determination,

 

 

 

net of activity since acquisition date

$        149,657

 

$             1,417

Noncredit premium/(discount), net of

 

 

 

activity since acquisition date

                   543

 

                       --

Reclassification from nonaccretable discount

 

 

 

to accretable discount due to change in

 

 

 

expected losses (net of accretion to date)

              (1,984)

 

                       --

Original estimated fair value of assets, net of

 

 

 

activity since acquisition date

         (134,355)

 

             (1,417)

Expected loss remaining

             13,861

 

                       --

Assumed loss sharing recovery percentage

                    84%

 

                      --

Expected loss sharing value

             11,644

 

                       --

FDIC loss share clawback

                   953

 

                       --

Indemnification asset to be amortized resulting from

 

 

 

change in expected losses

               1,586

 

                       --

Accretable discount on FDIC indemnification asset

             (1,038)

 

                      --

 

 

 

 

FDIC indemnification asset

$           13,145

 

$                     --

 
Valley Bank  
FDIC Indemnification Asset Roll Forward

 

 

December 31, 2017

 

 

 

Foreclosed

 

Loans

 

Assets

 

(In Thousands)

 

 

 

 

Initial basis, net of activity

 

 

 

since acquisition date

$           59,997

 

$             1,673

Noncredit premium/(discount), net of

 

 

 

activity since acquisition date

                     11

 

                       --

Reclassification from nonaccretable discount

 

 

 

to accretable discount due to change in

 

 

 

expected losses (net of accretion to date)

                 (411)

 

                       --

Original estimated fair value of assets, net of

 

 

 

activity since acquisition date

           (54,442)

 

             (1,667)

Expected loss remaining

$             5,155

 

$                     6

 

 

 

December 31, 2016

 

 

 

Foreclosed

 

Loans

 

Assets

 

(In Thousands)

 

 

 

 

Initial basis, net of activity

 

 

 

since acquisition date

$           84,283

 

$             1,973

Noncredit premium/(discount), net of

 

 

 

activity since acquisition date

                   228

 

                       --

Reclassification from nonaccretable discount

 

 

 

to accretable discount due to change in

 

 

 

expected losses (net of accretion to date)

              (2,121)

 

                       --

Original estimated fair value of assets, net of

 

 

 

activity since acquisition date

           (76,231)

 

             (1,952)

Expected loss remaining

$             6,159

 

$                   21